The Potential Benefits Of Being An Entrepreneur

The race of getting up at the same time every day, fighting rush hour traffic on the drive to and from the office, doing the same job at the same place day after day and having little time to spend with family can become a grater. By becoming an entrepreneur, you may have the luxury of creating a flexible work schedule that allows you to attend to many other things by schedule. If you choose a business venture that allows you to work at home, you can avoid the work going back and forth altogether.

Without entrepreneurship businesses that provide choice and create innovation as well as wealth creation would not exist. Businesses create employment for workers to earn incomes and purchase products that improve

Entrepreneurship can have multiple meanings. Business daily consider it to be a business ventures that shares a commitment to turning an idea into a profitable business (Fernandes, 2016). Bruce Bachenheimer, a clinical professor of management and executive director at Pace university also mentioned "At its core, it is a mind-set, a way of thinking and acting. It is about imagining new ways to solve problems and create value." (Fernandes, 2016). I couldn’t have agreed any more as anyone can come up with an idea but implementing it to produce change in the world is where the real work starts.

Entrepreneurs are self – confident and believe in themselves, that they will succeed and make a change within the business culture. There is also an internal locus of control, they are aware that they control their future, and do not point fingers for their successes or failures. They own up to them.

Independence: sense of independence can be one of the driving forces that lead to entrepreneurship. Various studies show that a strong need of financial independence is one of the most common characteristic of entrepreneurs worldwide.

A business or companies must write their business plan first before they start their business. By writing a business plan first, the companies have a clear look for their business structure, need, cost, management, production, and future. A business plan can help the companies to achieve what the businessperson want to achieve and can develop into a better companies gradually according to the plan and it can double the gain of profit for planning companies.

Our world is going through an entrepreneurial revolution. A lot of research has been carried in an attempt to define entrepreneurship while more and more people are being encouraged to become entrepreneurs. The following study based on the stream of literature and researches on entrepreneurship focuses on the concept of the entrepreneur and explore his background, his characteristics and the factors that influences entrepreneurship.

We have a bent to explain entrepreneurship as a way because of it always involves quite simply developing with an honest idea—someone collectively has to convert that idea into action. As an example, each of, Google’s leader 's counsel that its purpose of distinction “is anticipating needs not even so articulated by our

Autonomy is a goal of emancipation which is defined as breaking free from the authority of another. The hope for autonomy is one of the main drivers of efforts to become self-employed. Breaking free suggests the desire to make one’s own way in the world, breaking up draws attention to the striving to imagine and create a better world. Analyzing the seeking autonomy aspects of entrepreneuring opens up the following directions in entrepreneurship research:

Business and performance plans: Proper planning must be made about the things which are needed to be

As we think about the role of entrepreneurship in terms of the economic growth, entrepreneurs make new organizations and new organizations,thus they create employment opportunities, based on the above explanation, they

Any entrepreneur that is successful in business has an instinctive ability to see problems and needs that people have as an opportunity to apply their entrepreneurial capabilities to come up with solutions and satisfy a person 's problems or needs.

Entrepreneur as a business manager create a border line between the management and the entrepreneurship. Entrepreneur with the productive services, inserting their own persons and property / assets at the clearance of the entrepreneur who can guarantee at a fixed compensation. The final profit amount is based on a scope of error in calculation by the entrepreneurs and non- entrepreneurs who do not compel the entrepreneurs to pay as much amount for the productive services they could be compelled to pay. (J ,2012)

Being an entrepreneur should not only revolve around financial matters but also focus on how each entrepreneur could become an instrument in making a difference, in making a change not only for themselves but for others as well.

The latest study about entrepreneurs shows that about 400 million people in 54 countries are currently running or starting their own business, potentially creating more than a billion new jobs (“Global Entrepreneurship”, 2012). Entrepreneurs are their own bosses – nobody tells an entrepreneur what to do and they control their own destinies. Entrepreneurs can choose a business that interests them – they work in fields that interest them. Many combine hobbies and interests with business. Entrepreneurs can be creative. Entrepreneurs are always implementing creative ideas they come up with on their own. Entrepreneurs can make a lot of money if their business succeeds.